USDT is leaving licensed crypto exchanges in the EU
Major platforms, including Binance, Coinbase, Kraken, and Crypto.com, are stopping support for $USDT for users from the European Union
The reason — the issuer (Tether) is reluctant to obtain a license under the strict rules of the European MiCA regulation
💶 USDC is taking over the European market
The USDC stablecoin from Circle fully complies with MiCA requirements and is becoming the main asset on licensed platforms ahead of the tough regulatory deadline of July 1
Another alternative in the European market is also emerging with new regulated tokens like RLUSD and EURI
🌍 What’s next?
Despite USDT's market cap consistently exceeding $175 billion, its position in the EU jurisdiction is rapidly weakening due to legal restrictions
Transitioning to new stablecoins The European market is indeed experiencing a tectonic shift, smoothly moving from USDT to MiCA-compliant alternatives, where the undisputed leader is becoming USDC
#usdt #mica #Stablecoins
Major platforms, including Binance, Coinbase, Kraken, and Crypto.com, are stopping support for $USDT for users from the European Union
The reason — the issuer (Tether) is reluctant to obtain a license under the strict rules of the European MiCA regulation
💶 USDC is taking over the European market
The USDC stablecoin from Circle fully complies with MiCA requirements and is becoming the main asset on licensed platforms ahead of the tough regulatory deadline of July 1
Another alternative in the European market is also emerging with new regulated tokens like RLUSD and EURI
🌍 What’s next?
Despite USDT's market cap consistently exceeding $175 billion, its position in the EU jurisdiction is rapidly weakening due to legal restrictions
Transitioning to new stablecoins The European market is indeed experiencing a tectonic shift, smoothly moving from USDT to MiCA-compliant alternatives, where the undisputed leader is becoming USDC
#usdt #mica #Stablecoins